Failed ftmo challenge reddit. Day 29 I was down 4%.

Failed ftmo challenge reddit Things that helped me pass my FTMO challenge, verification, funding and payout . 46 :D 22 times failed the challenge. 90 while the site was performing maintenance causing me to owe more than my stop loss. and 10% is 20000. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. EA uses a well-calculated hedging strategy to either pass the prop challenge or recover the cost of the challenge (challenge fees), so you don't have to pay for another challenge if the first one fails. Remember, in the market, perfection is elusive. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! FTMO is a prop firm where you can get a funded account to trade. Technically can i have 2×10k accounts 1×25k accounts 1×50k accounts 1×100k accounts 1×200k accounts Which amounts to a total of $395,000. After 3+ months of profitable trading you can then test your ability for free with the 2-week FTMO challenge account. Our FTMO Challenge is the first step of our Evaluation Process. Same thing happened with my first ftmo challenge, I was £700 in profit. This free challenge account is the closest thing to a real account. It costs 500$ for the attempt. - To be with other like-minded forex Don’t take another challenge until you pass the free FTMO demo challenge again and again. I finally dit it. com's Reddit Forex Trading Community! Forgive me but wouldn't it have been wiser to take up the challenge with the biggest account like for eg. The to pass the challenge you must meet the profit target in 30 days while respecting I’m a Forex instructor on Udemy and some of my students attempted to pass the challenge recently, but some of them failed, so I decided to put my own money on the line. 10 and put a stop at 1. 8 - Win rate of 55-60%. Thanks a lot🙏 Get the Reddit app Scan this QR code to download the app now for about 10 weeks now in my live account. Check out my shared screenshots with FTMO challenge stats for a closer look at the Currently I'm doing the FTMO challenge and I got to the profit target. Imagine on the last day of the trading period, if you are on real challenge with real money and you profit at this level, but suddenly you hit over the daily loss limit $10+ or whatever. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO 10k challenge - 25% profit but failed cause of Prop Firms So 1st day got 862€ profit. I failed 2 FTMO challenges before they introduced the no-time limits. Congratulations! Keep up it. This is my opinion based on my experience with FTMO. Please press "See Community Info. You'll keep failing. I love practicing with these challenges. I think a post like this is a good opportunity to highlight that the repeated failed tests that people take on FTMO are their main source of income & taking tests until you pass seems to Currently undergoing the FTMO 10k Challenge phase 1 and safe to say I'm still in it. Don't panic towards the end of the challenge to meet the profit target by risking more. I see you are 3 days into the challenge and you had a day where you were down nearly 8% on your challenge. FTMO Challenge update, their metrics system once again flagged an inexistent max daily loss violation, while the account both the balance and the equity were in profits. New. So far so good, but I got there in 8 trading days instead of the minimum of 10 trading days. First one was last week of August which was a stinker for me. Add a Comment. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I just failed my FTMO challenge today as well. Prop Firms . Top. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading Welcome to FXGears. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the Welcome to FXGears. Best. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. It has a free trial that’s quite tough if you ask me. After the 30 days I was not able to get my account to break even. Its the fear and greed, anyone who says trading is easy is completely bullshitting. FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. majority of people fail, and the ones that pass will probably fail next month, the occasional pay out wouldn't be an extreme amount of money like 100k probably 10-40k, That isn't much when you have 1000's just going through and constantly failing. So you put a deposit / security payment of $230AUD, to start the challenge, but can lose a maximum of $1500AUD You have to pay a entry of a couple hundred euros and they give you from 10 000 to 100 000 dollars to trade with, if you pass the challenge. One thing I noticed is that they always tell you to contact them once you violate the challenge, but why is that? Is it because they recover accounts depending on the situation? Welcome to FXGears. 50 loss or slight win. FTMO is the market leader at the moment. The real question is do YOU have a consistent and profitable method? That is the real question. - Each challenge was done separately, months between one and another. FTMO is legit, and I assume they have a lot of very successful traders. 200K on FTMO? At that point 1% is 2000, and 10% is 20000. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! FTMO 200K challenge passed in 5 I just failed the prop firms challenge for 2nd time. I was 50$ away from starting over. I’ve been full time since 2007 and have never paid for trading instruction. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. i’ve been reading posts and comments about FTMO’s challenge of 10% for 30days is ridiculously high. Open comment sort options. Then you are disqualified. I have reported the issue to the support team , I now await the response. 😀 The answer is revenge trading. To hit your 10 day minimum trading days litterally enter and exit 1 trade a day at like a $0. Makes me think people blow their accounts after passing. You will now lose the challenge if your account balance goes anywhere under 21. I will post one failed trade later on. Just got to place a couple trades tomorrow and the next day and then more money should be rolling in. First things first, let's start with the basics. Not a long time I know. Will it fail after no trade in 4 minimum trading days? 22 times failed the challenge. More posts you may like r/Forex. They kept saying I had to wait till the 10 days are over and then i could reach the 10%. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Since the Max Daily Loss is exceeded, you have Countless YouTube videos, Udemy courses, Google searches. So you get a new 50k account every time. Lost money on my live AND demo AND failed that I failed FTMO once because of the time pressure/stress. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. I hardly think anyone is successful over time on FTMO, given they mostly force you to day trade, which is a sure fire way of losing money or at the very least having major drawdowns, which keep you from having a long-term prop career. We would like to show you a description here but the site won’t allow us. In the second challenge, I decreased my lot size 25% after the first phase. To me the fact that you have to make a 10% gain is proof they want you to fail so they get the fee you paid for the challenge. And not only that, but the Verification too! This is the best Forex course for beginners to learn how to pass any Prop Trading Firm challenge, and during the course, you will witness the entire process with the most popular firm – FTMO. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. However, if you can do that, then you are in the game. IMO don’t pay for courses bc there’s enough free info out there. 4% away from failing the 10k ftmo challenge stage 2 Questions Hey everyone, I've recently got into ftmo, and on my first try, I passed the stage 1 of ftmo, onto stage 2 Seeing a lot of videos lately of people passing FTMO challenges on Youtube. my mental state was screwed up and you're right if I don't follow rules and have a bad What's your next step after you fail your first FTMO challenge? This video goes over 3 key actions you can take to improve your chance of success with your n The catch is that they advertise buying power as account sizes. It's hard as I started ftmo challenge and my Forex funds challenge and in 1 week I passed ftmo. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! So last month i ended up 8% in profit but the duration wasn't enough for me in the FTMO challenge, didn't violate any rules, so they gave another free challenge. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. Take your time, bad losing streaks happen to everybody. I just wanna hear from people with personal experience trading with SurgeTrader and/or general ideas and opinions. And looking where price moves to. One day i realized it's not about right or wrong but all about risk management. Let’s goooooo!! 10 failed challenges?! I’ve found my people. I almost nuked my account by letting a trade get away that came back from being 4950$ drawdown. I bought the 10k challenge and plan on working my way up to 100k and just using profits to scale up and pay for the next challenge Welcome to FXGears. I started challenge recently and find that its forsing me to close postion or put stop loss just before it would hit drawdown rule, as if i was trading my own acc i would let some trades to develop still (not saying that would be in protit) First level ftmo challenge on a 200k account Prop Firms I have a 75% win rate but I end up losing some trades which takes a big hit in the account,it's been 3 days since I took the challenge to reach 10% but am feeling like the numbers are big but I have did it easy lot of time before(on smaller accounts) I feel little nervous to big lot and reach the goal easier,got any tips guys ? If you make even a cent over the 10K capital, FTMO gives you a free retake. Note that this is not the first time it happens So it's been a while that I know FTMO, signed up with them at the end of 2019 not long after it launched, but failed the tests (2 100k acc tests), I then switched to trading cryptos (on personal accounts) and been quite profitable with that, and more importantly learned to trade better! I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. As promised yesterday, I applied for a paid challenge to publicly assess the FTMO challenge and resolve once for all all questions about legit or not It is true that at the beginning, I was afraid to fail the first test, I knew how to trade with a small capital at the beginning and I wanted to opt for the comtpe financed at 50k$ but fearing to fail the verification stage with quite complex evaluation criteria I called upon a professional who passed all the steps for me and passed brilliantly. I felt cheated and disappointed. Now im 5% Step 1 – FTMO Challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I passed a 20k ftmo challenge but failed 100k challenge Prop Firms So i passed my 20k challenge a few months ago but recently failed my 100k challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Do you get a refund if you fail FTMO Challenge? Questions Just wondering Share Sort by: Best. So basically, in once instance my time was running out as the My problem with ftmo is I see many people passing the challenge but never see them post again. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. No one is obligated to take the challenge Does challenge not helping u to stick to the rules? U should know ur drawdown alowance and must stick to it overwise acount will be closed. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO Challenge account. Later I took a second challenge and I was in the So today I failed my FTMO challenge. So you are paying €155 for the possibility of only getting access to at most $1,000. The following week I did really bad in my Forex funds challenge as I didn't adhere to the rules. I feel the challenge is more of a puzzle. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly Welcome to FXGears. once you pass they give you the acct, and from then you grow the account and get paid from it So I watched a video of FTMO where they look into the accounts of failed challenges. com's Reddit Forex Trading Community! Here you can converse I failed my first 5ers challenge with poor risk management because my strategy works for my personal accounts. Controversial. Is it possible to still fail the verification stage if you don't violate any of the trading objectives? Stop taking ftmo challenge. But the normal payout is 70%. the split is about 80/20 i think? but you have a pass a test to show you can trade well enough to grow an account without losing more than a percentage of the account. Im not sure about lets say total account sizes of $395,000. To pass a propfirm challenge you’re required to have a total return of around 13% (usually 8% phase 1 & 5% phase 2). On the paper, gaining 10% and 5% in 2 months in a row is tough job. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. Thats why From your comment all I can recommend is reduce your lot size and demo trade for several months. Please explain it like I’m five. I got upset that I closed the trade too early because I would have passed my ftmo challenge in that trade. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Really can pass your FTMO challenge Prop Firms Share Add a Comment. I have tried the FTMO challenge a few days and got a very bad and unfair experience. So to them, it is a completely risk free business. I've been reviewing my trades. And even though you faced some challenges in Phase 2, it's impressive that you were able to recover all of your losses and end the day without any losses. One thing you should know before taking this challenge is that FTMO requires steady traders. I quickly learned that wasn't the case with a prop firms 5% daily DD. The advantage of buying a new FTMO challenge is that I can take advantage of the new no time limit rule. Not trying to be offensive, but it was dumb to keep trading let alone without a stop-loss at less than -$500 or without keeping track of how much you were down for the day. Passed my FTMO challenge in 2 days . Account: 2090800614. It requires patience, time and discipline. I was going for the 25k on most of the fail attempts I think maybe 2 50k accounts I failed that’s part of the 9 I messed up . However, making 10% in a month is hell of a challenge because there are only 22 trading days available. Reply reply Top 1% Rank by size . And if you get lucky and you pass, you won't hold the account for long. Around 90% fail the challenge, and those who pass, around 90% lose their account in a short time. I think a lot of people don't realize that many of the traders that pass the challenge fail to make their first withdrawal because they fall off after getting funded. Looking through the trades since I triggered the challenge to start. I was in gain and their metrics were telling that I failed the max daily while at the same time I was in gains of over 1k. But this will not stop me pass the challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Just hit 10% mark on phase 1 FTMO 10k challenge Why do most people fail at trading? Also, I downloaded data from Dukascopy and the performance differs greatly, if I only plan to use this for FTMO challenge, there shouldn't be any problem right? Reddit's largest community for the discussion of replica fashion. Tiny risk and good mindset is the way to win. I took a 2. comThis week we have quite an unusual video for you. Deposit the challenge fee into a brokerage account and trade it away. FTMO challenge. More posts Welcome to FXGears. My question is: Can I just open two positions on two separate days and close them right away for a break even, or will it be considered as "cheating"? Thanks in advance for your help! Same thing with taking a prop challenge. Can funded account help with discipline? I have been thinking about it and started challenge, my thinking is that it can help me to stick to the rules as i know account will be terminated if violation of rules, which wont happen on personal account and i can Having failed many challenges before finally passing into the verification I felt overconfident initially given the easier Tp and tried to quickly blitz through; soon finding myself in deep drawdawn, I contemplated a hail mary trade with US FOMC or CPI to pass this challenge. What do I think it takes to pass the challenge? Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. There must be something more to successfully ride the bit bigger prop account of course with all the pre Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! „I passed 3 times FTMO challenge 100 each“ ( but either I failed to maintain my profit streak or my headline isn’t true so that I need to scam people) Is anyone having a lag on mt4 while trading on ftmo servers? I have noticed few times where server just wont respond to log in or anything, when Welcome to FXGears. I have been trading since 2020 Started the Ftmo challenge really well, stage 2 is a different story . com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hi guys I’m not new to Forex or anything but I’m planning on taking the FTMO challenge , but making 10% in 30 days (24 days if u take away weekends) is a lot I think They give you 10k for a 100k challenge. I’m considering starting the FTMO challenge next week for the $10,000 account and was wondering if it’s a good idea. Guys great news for ftmo funded traders Do you have any advice for traders that aspire to pass the FTMO challenge? It shouldn’t matter if they’re making money from failed challenges as long as they’re paying traders. I’ve passed a couple challenges and I hated them. 331K subscribers in the Forex community. So I decided to try an ftmo 10k challenge. I passed two FTMO 50k's back to back, lost one and currently up about 3. Take for example, a $50k account challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Planning to take FTMO challenge and im confuse about minimum trading days. Well, just then you FAILED the challenge because you lost 8K last week then opened a position that briefly went -$2010 passing your maximum allowed drawdown at 10% or 10k. Prop Firms Hey everyone, i started frmo about a month ago, it took me about 2 weeks to pass the first challenge, last week I started the second phase of the challenge and the whole time I've just been in loss, I've been trying to trade in a disciplined manner and haven't I failed the FTMO challenge because my stop loss was not triggered due to FTMO site maintenance. Thanks in advance 😊 I am so proud of me, I finally passed my 100k FTMO Challenge (along with a friend of mine) and I wanted to brag a bit with you guys. Multiple passes in a row. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. If they fail, you are still out FTMO's challenge fee. Reply reply They do marketing with a lot of youtubers and fake journals of the challenge Funny thing is on yt there are fake accounts only talking about the challenge that have in total only 4-5 videos from past months and they are all about FTMO If you notice, they target precise type of people and talk to precise public (young african guy, girl in the 20's,young guy. For this hedging process to work, you will need two accounts: a prop challenge account and a live account funded with a smaller amount. 10 and put a stop 357K subscribers in the Forex community. After a while it seemed better to simplify everything and just look at plain simple price action, I. Become our next FTMO Trader and work with an initial balance of up to $200,000: https://ftmo. FTMO's 70/30. My equity curve: https://ibb. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Planning on taking the FTMO challenge in the beginning of next year and just wanted to know what it feels like trading for a prop firm. I’m not saying its not hard. You have to be profitable to be able to make money on their Thanks for the transparency regarding the attempts before you passed. If you cannot pass multiple times in a row, then prop firms are not for you. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! If No, then the high chance is you will finish your challenge in 1 day or 2. Currently have a 50k funded and a 10k funded account waiting until September to try an get a monster account like 100k or 200k rn I had the 50k account almost 3 months closer to 2 but I’m just using the money to pay small bills gym , gas , food here and Welcome to FXGears. If you can pass the ftmo challenge, that means you -ftmo's business model is based on the failed challenge fees. View community ranking In the Top 20% of largest communities on Reddit. I felt ready, and started my first ever FTMO challenge on Monday gone, ended up making 9% this week and I am around €70 from the profit target of €1000. If you pass the challenge and verification you will be refunded the amount you paid for the account after you have 1 profitable month in your funded account. For example, I bought at 1. I have come along way! Please share your experience with trading or even FTMO :) I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. As you can see I got pretty close to the max daily loss. Late seeing this but this is really helpful anyone else got any other information they can give me regarding the FTMO challenge Reply reply Top 1% Rank by size . I have just started the demo challenge as well, and I am using TradingView to do the analysis. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I'm 0. FundedTradingPlus is a new prop firm in the UK and they give you liberty to pass the Evaluation stage without any time constraint. I'm planning to get 100k usd funded account since yun ung talagang pinractice ko. I could see I was trading in a emotional state and felt very isolated. Long story short I failed the 2nd I recently traded a FTMO challenge, however I’ve been looking at SurgeTrader for a minute. One thing I’ve learned is have 2 accounts. FTMO. com, a trading forum run by professional traders. Sometime i have a very good set up but still lose the trade, i don't believe in myself anymore, after 20th failed I almost give up. 8% on the 2nd live funded account. You need to study for it, practice, take notes and review them, learn with friends if you can and only try to take the test when you absolutely feel like you're ready. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. Any Questions, feel free to ask. They say you cannot lose more than $5k of equity or 10% and you must make this same 10% within 30 days to past phase 1. So for example, take the FTMO challenge, you’ll need to pass the 10% target. WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. When you finally learn how to trade consistently and generate profits, the sky is the limit. which is more than enough to pay out the traders that do make money (90%+ loose) -the really great traders with good rm and consistency over a longer term basis get copy traded onto a larger live account. Should I go for it na ba? The only hesistation for me in mind is yung money na idedeposit ko for the real challenge lol. Old. I’ve failed it and failed to keep up with the requirements which got it closed. 242 votes, 229 comments. Please dont get me wrong as I have a very limited knowledge about profits etc. This course will dramatically increase your chances of passing the FTMO Challenge on your first attempt. Q&A. Theoretically you could complete the entire challenge in a couple of days if you are good enough or get extremely lucky. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Passed my first FTMO challenge :) Prop Firms 8 days of trading, 259 trades, Profit factore 2. I am confident I will pass the challenge stage but I am a bit in the dark on the verification stage. And did my due diligence asking them (the ftmo team) multiple times if i was allowed to hit the 10% target before the 10 day minimum. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Don’t attempt FTMO challenge. Thing is, if you can't trade successfully a 1k account, don't even try a prop firm. And if you almost made it this time I’m sure you could make it. If so, are there any tips/recommendations you all could give for when I start? Hey dear community, I started yesterday an FTMO challenge (trial) with my Bot HyperGrid, I wanted to share my journey with you :) My Bot HyperGrid in action, it's based on Mean Reversion, that's why it's always working against the trend Welcome to FXGears. I have downloaded the cTrader from the FTMO website and I tried to login with the login credentials from my FTMO account but it failed. The rules for the Challenge Passing help you handle risk management better. First step is to forgive yourself, then reflect and see where you went wrong and implement new measures so that you'll do Welcome to FXGears. Day 29 I was down 4%. Sort by: 22 times failed the challenge. FTMO definitely isn’t a scam. There is a reason why phase 2 have longer time to pass and less profit target to achieve, because the company Basically the FTMO challenge is that you can pay an entry free (depended on size of account but is about 150 dollars for a 10k account). Before you can get your FTMO Account, we need to be sure you can trade responsibly and manage risk properly as, in the future, we can use your Hey, thanks for sharing your experience with the FTMO Challenge! It's great to hear that you were able to pass Phase 1 in just 4 days without any losses. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Just yesterday I lost my ftmo challenge account also. It was my first challenge and I couldn’t believe it was actually happening. 5-1. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I just recently got my first FTMO challenge. To answer FAQs, yes I’ve done lots of research on it and even read the fine print, so don’t come at me. Without the weekends, you’ll get 20 trading days. and all the videos have that . . Even profitable traders fail this challenge. I was only targeting a 1:1 RR and leaned on a higher win rate for profitability. So from my assumption it’s basically like the verification and FTMO challenge without a target. FTMO really helps learn discipline. It's been 2 months since i got the prop firms challenge . 50 lot throughout the month using only 4 and 8 hour charts, that account pays bills and funds life. Except with taking a prop challenge, you can pick the day when you're ready and if a lot of props removed a time limit, then even better. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Just passed my first FTMO challenge by hyper scalping. FTMO makes the majority of their revenue from bad traders who are stupid enough to fall into the above loop which is a large amount of them. Seems to work so I'll see how it Right now I am taking the 5%ers trading challenge, which allows me to swing trade comfortably. Same with the 5% on the 2nd challenge. 600 Dollars (27k - 20%). I finally I did the challenge myself. But yeah ill come back stronger 💪 Just some side notes: If you don't hit the 10% mark in the challenge you can get another free challenge attempt as long as you adhered to the other conditions and closed with a profit. Surely that would've helped with the greed no? Considering most people fail at forex because they Welcome to FXGears. If they pass, you pay. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Just passed my 10k FTMO challenge, has anybody I'm very proud to have just complete my FTMO challenge and I will share one of my favorite setups that I took to finish the challenge as well as 2 other examples of this setup that happened recently. But since then I’ve also been attempting FTMO’s free trial challenges that mimic the real thing, I failed the first 2 times, passed the 3rd time, got a repeat and passed on the 4th time and am set to pass the This is why you tend to see "I passed the FTMO challenge (secret : after their 8th attempt)" posts and zero "3rd month in a row extracting an income from FTMO" posts. The majority of challenge takers are not aware of this and are risking only 1% to 2%. Go Currently attempting my first ftmo challenge on the 10k account. r/Forex. I failed so many times because i don't have a plan, i change my strategy from time, i don't know what is wrong. You didn’t mention anything about your backtesting. Real 1:1 clothing era is coming. Find something that works atleast 50% win rate and do not ever break rules. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! It's a nice way of them telling you that you failed the challenge. com challenge. I'm I am very risk averse so 2% per trade is high for me. Password: GDMUBF4. Hello! I already passed ftmo demo trial for 14 days for 3 times already. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. Can you share your experience? Withdrawal process with diff payout But if I continue trading my current FTMO challenge, it does not look like I will reach the 10% target in this month either (the current challenge looks like it is heading to a free repeat again this month). If you lose 3 trades which is 300 dollars in a row the strategy isn't working. The 2 major drawdown periods are plain and simply my fault. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! during nyse open at 6:30 I’m trying to focus on that with my next ftmo challenge (I’ve failed 5 100k acc 😂😂😂) 🤦🏾‍♂️ If we go to the minimal FTMO challenge that is marketed as a "$10K" account the daily loss limit is $500 and total loss limit is $1,000 and the fee they charge is €155 for a $10K account challenge. I can demo trade just fine, I passed 3 ftmo trials one after the other. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Thanks will try out ftmo so on ftmo if I pass the 10k challenge can I do another one straight after that to get an additional 10? And just keep adding up until max funding View community ranking In the Top 1% of largest communities on Reddit. 075% down on the account and you are only allowed a maximum of 5% relative drawdown per day meaning that if you have a 10k account and hit -$501 before the trade goes back in I believe their business model is banking on most people failing the challenge. I over traded and just went in complete denial over the fact that I had just lost a substantial amount. Price keeps going against you another -$110 (-$2010 total) then back to negative -$1900. Both verifications took me more than 30 calendar days I believe slow and FTMO doesn’t have time limit anymore, so I would decrease risk even more, risk so little that you can easily lose 20 or more trades in a row. Today's Production Update. Cant wait for the downvotes on this Ok I did ftmo challenge for real and I failed within 2 days. But you do get a payout. 1 where you risk and play around big( because we’re all risk takers naturally) and 1 account that you just use a 1-1. This caused me to fail the challenge. A lot of traders have been able to make a good living by trading full-time thanks to FTMO. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! How to pass FTMO challenge and which option is better . But if you do the math of the minimum amount of profit you need to pass a challenge the challenge will be a lot easier to pass. 00. That's how they make their money, and it's one of the best business models out there. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. Soon I will get there. Long story short, I want to aim for a €40,000 challenge next year and wanted to ask you what your experiences are with FTMO and what you can possibly give me tips along the way. View community ranking In the Top 1% of largest communities on Reddit. I have been trading a 40,000€ demo account at FTMO for the last two weeks (see screnshots) to see if I can put what I have learned into practice, i also made some mistakes for example in one trade i So once you withdraw your profit for those 30 days it restart like a challenge. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. So, for example a common challenge is to do 8% in a month. Let's say your daily drawdown limit is 20% (realistically probably way lower). It feels like a long time ago, but it was only last year. Mind you the Welcome to FXGears. I submitted a claim. Reply reply No limit to how many trades, as long as you don't hit the fail conditions There's a real mix of opinions out there, some people say FTMO is a great company to trade for as you get to keep a generous portion of the profits and get good leverage, spreads etc. I've narrowed down and will share some things that stood out and helped me succeed. Most importantly, have fun! Your trading journey is a marathon, not a sprint. my second challenge. Just a curiousity of mine. FTMO kind of reminds me of one of those claw machines where you put in money to try to get a prize. , whereas other people say FTMO, like 'all prop firms', make money through people paying for, failing, and repeating their challenge, and those who do pass are faced with such strict trading restrictions Sorry for my English I have make challenge 3 times already, 2 times failed at verification, 1 time lost prop account. Welcome to r/FTMO_Forex_Trading! If you're here, chances are you're looking for some tips on how to pass the FTMO. I also only think you can fail the challenge once and lose your initial investment. Because every account Ftmo ticks all boxes, if you check reviews etc they are mainly all good ones, Plenty of people use ftmo not sure on your progress with forex but take the free trials before spending out on a challenge to be begin with and get used to Hey since the max allocation is 400k for FTMO. Go to FTMO_Forex_Trading r/FTMO_Forex_Trading • by rossquincy007. I think that the FTMO trading is a good opportunity for traders to get good returns for a small amount. My mentor tells me this is great for a first challenge since mostly That was a low moment for me. Most people only lose the challenge because of too much risk and therefore the mindset takes a hit. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly Just hit 9% profit within a week after hitting 10% within only 2 weeks. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I'm currently funded with 5ers (only a 5k account) and if things continue I'll buy another one from FTMO before January 2024 ends. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO challenge experiment day 3 Prop Firms 34 trades and very small profit lol. Shall i just go straight So, i took a 100,000$ swing challenge, and i completed 3/4 objectives, the only one I failed was the maximum daily loss! Is there any chance i get to retake the challenge or is it done and dusted? Because i read somewhere that they allow you to retake it if you completed 3/4 objectives. Welcome to FXGears. But you have to give them 30% of your profits each month. Reply Welcome to FXGears. Very happy with myself and my progress, especially that I started trading less than a year ago. Share Add a Comment. If I never see another "I passed the FTMO challenge" post it will be too soon. This helped me a lot to reduce the stress of passing. com's Reddit Forex Trading Community! Here you can converse about trading ideas Hi all, long time trader here, just recently passed my $15,000AUD FTMO challenge in 2 days (lol), and was wondering how does FTMO profit from its users if alot of traders fail? To put this in perspective, I'll be speaking AUD. So you put a deposit / security payment of $230AUD, to start the challenge, but can lose a maximum of $1500AUD Welcome to FXGears. Simon takes Hi all, long time trader here, just recently passed my $15,000AUD FTMO challenge in 2 days (lol), and was wondering how does FTMO profit from its users if alot of traders fail? To put this in perspective, I'll be speaking AUD. The price gapped down to 0. For Christmas I think they’re doing 90% payouts. And I was wondering which is the best data provider on TradingView, to use for FTMO? Also, I have noticed the price on MT4 from FTMO server is a few minutes delayed, anyone else experienced this problem? Thanks If you reach your 10% you have reached your goal and move to the next challenge. e impulse, corrective, impulsive etc. You only Ex: -$75 on a trade would me that you were -$75 in drawdown or a cool . Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. From the people I know, they’re usually aiming at around 3-8% a month so getting 13% should be around a bit more than a month, ofc there are people who also pass challenges within 1-2 weeks but speaking on avg id assume it’d be normal to pass it within 1-2 Sorry OP but that's a dumb question. I feel I was lucky with the first phase 1 challenge, but the second phase 1 challenge took 23 trading days. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! This week you open a new position and it starts to go against you at minus -$1900. It was not easy and like a lot of you guys I started Forex through a scam on Instagram, a MLM company (pyramid scheme) where my “mentor” told me I could easily double my account every week with 20 pips a day and as I didn’t know any better Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. Hey Guys, just passed a demo challenge in 5 days on FTMO, so happy! I'm not selling anything, not selling my EA, not selling courses, just here to share my progress :) FYI I used my latest creation, TurboScalpX discussed here last week: Just completed the 10% challenge for the 100k account on ftmo in 36 hours. co/R6FLGqR Hello, I failed the FTMO challenge because my stop loss was not triggered due to FTMO site maintenance. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. I have not violated any of the rules and have gained 5% over 4 days. So, in order to keep the live accounts, I decreased my lot size by 50% from the phase 1 challenge level. " Members Online. 00 lot trade and that started the losing streak. This I failed my FTMO challenge today. dpqzqy live rgnhz wkzgl nlcg iyacgyv ilfcis sgih vhsghk nddev